NORTHBROOK, Ill., September 19, 2024 – Allstate Corporation (NYSE: ALL) today announced an estimated disaster loss for the month of August of $272 million or $215 million, including taxes payable, including favorable provisions for event financing. previous.
Catastrophic losses in August included 15 events totaling $306 million, with approximately $75 million related to a hail event in Calgary, Canada. The estimate for the Calgary hail event includes insurance recovery premiums and total expected recovery of $225 million.
Total catastrophe losses in July and August were $814 million or $643 million, after tax, and total catastrophe losses in August year-over-year were $3.67 billion or $2.90 billion, after tax.
Financial information, including material announcements relating to Allstate Corporation, is posted regularly at www.allstateinvestors.com.
Forward-Looking Statements
This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not necessarily relate to historical or current facts and can be identified by their use of words such as “plans,” “intends,” “expects,” “will,” “should,” “expects,” “estimates,” “intends,” “believes ,” “possible,” “intended” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove to be inaccurate or if other risks or uncertainties arise, actual results may differ materially from those expressed in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, forward-looking statements can be found in our filings with the US Securities and Exchange Commission, including the “Risk Factors” section in our most recent annual report. on Form 10-K. Forward-looking statements are as of the date they are made, and we assume no obligation to update or revise any forward-looking statement.
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